The World Bank has announced its intention to fund the Azerbaijan and Turkey part of the Southern Gas Corridor to Europe, despite concerns over the geopolitical context and fossil fuel dependency.
An impending shortfall in available resources for the Clean Technology Fund continues to concern, leading to cancellation of projects. Questions were raised about development impacts and reliance on geothermal energy in India and Indonesia's revised investment plans, and on debt sustainability in a Caribbean project.
Concerns have been raised about a projected shortfall of resources for the Clean Technology Fund, with an early warning mechanism due to be discussed. Questions were raised about development benefits of a Colombia project and on safeguards for a Vietnam project.
IFC investments in a TV guide, hotels and online shopping highlight projects with weak development outcomes
Chapter of CIFs Monitor 8 on the Clean Technology Fund (CTF)
The World Bank launched a new energy directions paper in July but continues to focus funding on fossil fuels such as natural gas
In May Turkey ended its latest stand-by agreement with the IMF. To some this meant the long awaited declaration of autonomy for Turkey and the loss of the final "consumer" for the IMF. For others who adhere to the neoliberal orthodoxy, this meant the graduation of Turkey and the successful completion of the IMF programme. The reality is that neither is correct.
An outcry from NGOs has followed the World Bank Group decision to invest in a Central Asian oilfield and pipeline development.
Notes from a meeting at the IMF/World Bank CSO Forum at the 2016 Spring meetings discussion the socio-economic impacts of the Syrian crisis, the outgoing flow of migration and the World Bank’s model on how to tackle these issues following its new report.
Notes of a meeting on sovereign debt restructuring after SCOTUS at the World Bank-IMF annual meetings 2014
Notes of a meeting on emerging markets in transition at the World Bank-IMF annual meetings 2014
Turkey discharged its debt to the IMF in May, by paying a final installment of $421 million after decades of loans and stand-by arrangements.
The Turkish prime minister, Recep Tayyip Erdogan, declared in September that "we will cut it [our $1.3 billion IMF debt] to zero by next April", according to Anatolia News Agency.
In early March Turkish unions conducted a two hour "warning strike" to protest against IMF-supported plans for pension plan and health insurance reform.
The governor of the Turkish central bank, Durmuş Yılmaz, cast doubt on whether Turkey would renew its arrangement with the IMF.
Activist Ferhat Kaya was arrested by the Turkish authorities in early May following his work…